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EMIs fall as govt-run banks pass on rate-cut benefits
The New Indian Express Villupuram
|June 10, 2025
Pvt sector peers cautious of margins, taking more calculated approach
MANY large public sector banks such as Bank of Baroda, Punjab National Bank, Bank of India, and Uco Bank have reduced their repo-linked lending rates by 50 bps for their existing borrowers in response to the Reserve Bank's unconventional 50 bps reduction in the repo rate to 5.5% last Friday.
The RBI also slashed the cash reserve ratio (CRR) by 100 bps to 3% in a staggered manner between September and end-November, which will help them protect their margins which have been under pressure since long due to higher pricing of deposits.
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The New Indian Express Villupuram
Fiscal deficit widens 21% to ₹5.7L cr in H1
THE Centre's fiscal deficit widened 21% year-on-year in the first six months of the current financial year to ₹5.7 lakh crore as the government accelerated capital expenditure amid muted tax revenue growth.
1 min
November 01, 2025
The New Indian Express Villupuram
WHY NERDS ARE HERDING TO PUBS
ALL cats die. Socrates is dead. Therefore Socrates is a cat,\" said the Logician in Eugène Ionesco's play Rhinoceros.
4 mins
November 01, 2025
The New Indian Express Villupuram
Let them (chief secys) come: SC in stray dogs case
THE Supreme Court on Friday ruled that chief secretaries must appear in person before the court on November 3 in connection with the stray dogs menace case.
2 mins
November 01, 2025
The New Indian Express Villupuram
BoB profit slips to ₹4,809 cr despite better asset quality
THE country's second-largest public sector lender Bank of India on Friday reported an 8.2% year-on-year drop in net income at ₹4,809 crore, despite improved asset quality and the resultant sharp 47% drop in provisions, along with stable net interest margin in the September quarter.
1 min
November 01, 2025
The New Indian Express Villupuram
THE 65-YEAR-OLD WHO RECLAIMED HIS LIFE WITH GOVERNMENT AID
The life of Unnikrishnan, a 65-year-old from Thirunavaya, Malappuram in Kerala is nothing short of a family drama movie. One day, he was an expatriate; from there, he fell into neck deep destitution.
2 mins
November 01, 2025
The New Indian Express Villupuram
HUL gets ₹2k cr tax demand; co set to appeal
Hindustan Unilever (HUL), one of India's largest fast-moving consumer goods (FMCG) companies, has been served with a ₹1,986.25 crore ($238 mn) tax demand for the financial year (FY) 2020-21.
1 min
November 01, 2025
The New Indian Express Villupuram
CBI team uses 3D mapping tech at Karur stampede site
A CBI team led by Superintendent of Police (SP) Praveen Kumar on Friday visited Velusamypuram, where 41 people lost their lives in the stampede during actor-politician Vijay's rally on September 27.
1 min
November 01, 2025
The New Indian Express Villupuram
Ration on doorstep: TN lowers eligibility age from 70 to 65 yrs
THE Tamil Nadu government has lowered the eligibility age for home delivery of PDS (public distribution system) goods for senior citizens from 70 years to 65.
1 min
November 01, 2025
The New Indian Express Villupuram
EC seeks report on killing of PK party supporter as Mokama remains tense
THE Election Commission of India (ECI) has sought a detailed report on the killing of a Jan Suraaj Party supporter in Mokama assembly constituency of Patna district, directing Bihar DGP Vinay Kumar to submit an action taken report at the earliest.
1 min
November 01, 2025
The New Indian Express Villupuram
Custodial torture victim seeks transfer of Balveer Singh case to SC/ST court
DURING the hearing of four custodial torture cases involving former Ambasamudram ASP Balveer Singh on Friday, the counsel for the SC victim - one of nearly 10 persons affected -sought the transfer of one of the cases to the Special Court for SC/ST (Prevention of Atrocities) Act cases.
1 mins
November 01, 2025
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